American Airlines Stock Dives on Guidance Cut, CCO Exit
American Airlines lowered its Q2 outlook and announced that Vasu Raja, its chief commercial officer, is leaving the company. Here's what you need to know.
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American Airlines lowered its Q2 outlook and announced that Vasu Raja, its chief commercial officer, is leaving the company. Here's what you need to know.
American Airlines stock is getting hit in midday trade after the company announced the departure of Vasu Raja, its chief commercial officer, and issued revised guidance that was a huge letdown for investors.
Shares of American Airlines dove Wednesday after it lowered its profit outlook, citing weaker demand and a troubled booking system upgrade.
The stock value of American Airlines took a 15% hit as it was announced the airline will be cutting its growth capacity in the second half of the year, among a series of new changes.
American Airlines will award frequent flyer miles and Loyalty Points, or elite status credits, to all eligible passengers, canceling plans to withhold the benefits from customers who booked with certain third parties.